Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Update

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,432 shares, an increase of 1,570.1% from the July 30th total of 445 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 117,688 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Simplify High Yield ETF

Several large investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new position in shares of Simplify High Yield ETF in the second quarter worth $42,000. TD Waterhouse Canada Inc. grew its stake in Simplify High Yield ETF by 12.1% during the second quarter. TD Waterhouse Canada Inc. now owns 54,500 shares of the company’s stock worth $1,142,000 after buying an additional 5,900 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in Simplify High Yield ETF by 12.4% in the 2nd quarter. Insight Wealth Strategies LLC now owns 764,328 shares of the company’s stock valued at $16,013,000 after buying an additional 84,230 shares during the period. Heck Capital Advisors LLC increased its holdings in Simplify High Yield ETF by 26.3% in the 2nd quarter. Heck Capital Advisors LLC now owns 17,900 shares of the company’s stock valued at $378,000 after buying an additional 3,725 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Simplify High Yield ETF in the 1st quarter valued at approximately $62,000.

Simplify High Yield ETF Price Performance

Shares of NYSEARCA:CDX opened at $20.81 on Wednesday. The business’s 50 day simple moving average is $20.88 and its 200 day simple moving average is $21.31. Simplify High Yield ETF has a 1 year low of $20.42 and a 1 year high of $23.05. The company has a market capitalization of $379.37 million, a P/E ratio of 11.17 and a beta of 0.30.

Simplify High Yield ETF Company Profile

The Simplify High Yield PLUS Credit Hedge ETF (CDX) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is a fund-of-funds that invests in US high-yield bond ETFs with different maturities. It also provides a credit hedge overlay, which may contain S&P 500 Index (SPX) puts. CDX was launched on Feb 14, 2022 and is managed by Simplify.